Restaurants warn of weak first quarter, but say sales will pick up later this year
Publishing timestamp: 2025-02-16 08:00:01
Summary
Many restaurants saw improving sales in the fourth quarter, but the first quarter is expected to be weak due to freezing temperatures, wildfires, and cautious consumers. Chains like Chipotle, Wendy's, and McDonald's are predicting stronger results in the second half of the year. Despite challenges, industry traffic and sales growth are expected to pick up as the year progresses.
Sentiment: MIXED
Tickers: QSR, QSR-CA, CMG, WEN, MCD, SBUX,
Keywords: earnings, business news, rachel marie ruggeri, mcdonald's corp, retail industry, united states, wendys co, starbucks corp, business, restaurants, breaking news: business, chipotle mexican grill inc, kenneth cook, restaurant brands international inc,